French President Nicolas Sarkozy seems to be living like a king, as a new book claims that he splurges about $16,000 per day on food and owns 21 cars that are kept at his Elysee Palace.

Sarkozy's 21 cars are insured for $ 159,100 and he pays fuel bills of about $437,525, according to the book titled L'argent de l'Etat (Money from the State) by socialist MP Rene Dosiere.

In the book, the socialist also claims that Sarkozy's annual expenditure on flowers is close to about $ 318,200 while the total cost of household bills annually of his rented Elysee Palace is said to be $160 million.

The author has accused Sarkozy of ignoring the most elementary principles of separation between private and public accounts in the book and says that the President doesn't think before spending lavishly about $127,280 on day trips.

Have a peep into Sarkozy's luxurious lifestyle in a few pictures below:

France's President Nicolas Sarkozy's car arrives in La Londe-les-Maures, Southern France, to attend the inauguration of a Gendarmerie, May 19, 2011.REUTERS/Philippe Wojazer

France's President Nicolas Sarkozy cycles near the villa at Cap Negre, near Cavaliere, where he spends his summer holidays in southern France Aug 5, 2010.REUTERS

France's President Nicolas Sarkozy assists his wife Carla Bruni-Sarkozy into the water as they start their holidays at the villa belonging to the family of France's first lady at Cap Negre, near Cavaliere, Aug.1, 2009.REUTERS/Philippe Laurenson

Sarkozy spends about about $ 318,200 on flowers annually. He presents a bouquet to his then new girlfriend, former supermodel Carla Bruni, at Luxor Airport Dec. 25, 2007. Sarkozy was there for a private holiday accompanied by Bruni. According to French media, Sarkozy borrowed the private plane from French billionaire Vincent Bollore for the trip.REUTERS/Ahmed Ali Amir

A general view of the Old Winter Palace Hotel, where France's President Nicolas Sarkozy spent the Christmas holidays, in Luxor Dec. 24, 2007.REUTERS/Benoit Tessier

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